DEVELOPING INNOVATIVE STRATEGIES
ACHIEVING GROWTH
what is credit insurance
So you’ve sold your product or service on credit to another company, and you are relying on that company to pay you on the due date. Imagine, however, what could happen if you don’t receive payment.
You have probably invested a lot of hard earned cash into the transaction and you need the payment to continue the business cycle. Non payment from your customer may well have a negative impact on your cash flow and could even cause your business to fail. Credit Insurance protects companies from non-paying customers, both locally and internationally.
The provider of credit insurance will:
access trade information on your potential buyer
assess the credit worthiness of the buyer
recommend and insure trading values with that buyer
collect debt that is outstanding in the case of non-payment
pay you a claim in the event of non payment or insolvency of your client
Protection against non-payment and client insolvency
Lower legal costs through improved buying power of collection services
Enhanced financing mechanisms by providing added security to finance providers
Expert assessment of credit risks
Development of new markets in different industries
Increased market penetration
Access to expert advice on collection techniques
Stabilised cash flow
How does it work?
How does it benefit your Business
